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MALAYSIA’S newly unveiled 2020 budget displays a commitment to sustainable long-term growth, according to Sukumar Rajah and Hanifah Hashim. Here, they suggest how the country’s foreign investment, transport and employment initiatives could drive the domestic economy.
Sime Darby carves its niche following the conglomerate’s break-up two years ago, according to CEO Datuk Jeffri Salim Davidson.
Recently, StarBizWeek met up with Sime Darby Bhd CEO Datuk Jeffri Salim Davidson (pic) at Sime Darby’s new headquarters in Ara Damansara. Nearly two years after its mega three-way demerger, Sime Darby is now a totally different company.
Perception may be that the property market is in a slump but Mah Sing Group Bhd’s head honcho not only remains bullish but is poised to take advantage of new opportunities.
KUALA LUMPUR: Bank Negara is likely to cut its key interest rate again this year if the United States Federal Reserve (Fed) further eases its monetary policy amid uncertain global economic growth, according to Malayan Banking Bhd (Maybank).
Digitisation and automation in the global banking sector coupled with an environment of low interest rates and slow capital market activities have changed the way employees are being managed. These days, it is no longer a shock to learn about global banks shedding a high number of their workers.
KUALA LUMPUR: Petronas Dagangan Bhd’s (PetDag) net profit slipped 45% to RM172.75mil for the second quarter ended June 30,2019 (2Q19) from RM314.42mil due to lower retail and commercial segments’ margins as well as a decline in the Mean of Platts Singapore (MOPS) price trend.
KUALA LUMPUR: Petronas Dagangan Bhd, the country's biggest petrol station operator, said the retail market is expected to remain challenging amid rising numbers of energy efficient cars, as well as the growing usage of public transportation and e-hailing services.
PETALING JAYA: AMMB Holdings Bhd (AmBank Group) has recorded a 12.6% year-on-year (y-o-y) jump in net profit for the first quarter ended June 30, despite a lower net income from its insurance business and higher total operating expenses.